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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 24,042 $ 22,073
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 7,228 7,650
Amortization of debt issue costs 289 104
Provision for doubtful accounts 125 (1,027)
Share-based compensation 2,316 2,570
Deferred income taxes 2,274 (183)
Finance lease interest 2 17
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (18,799) (26,714)
Inventories (62,192) (25,879)
Prepaid expenses and other assets 14,690 (1,174)
Other non-current assets (9,469) 691
Accounts payable (1,053) (26,962)
Accrued expenses and other liabilities (13,168) (14,683)
Income taxes payable 5,256 6,558
Net cash used in operating activities (48,459) (56,959)
Cash flows from investing activities:    
Capital expenditures (1,758) (1,090)
Net cash used in investing activities (1,758) (1,090)
Cash flows from financing activities:    
Borrowings on revolving credit, net of expenses 579,011 526,637
Repayments on revolving credit, net of expenses (542,147) (470,237)
Borrowings (repayments) on long-term debt, net 18,402 (2,218)
Finance lease obligations 771 (316)
Debt issuance costs (1,407) 0
Exercise of stock options 10 994
Taxes paid on settlement of equity awards (596) 0
Net cash provided by financing activities 54,044 54,860
Effect of exchange rate changes on cash and cash equivalents (1,342) (4,038)
Increase (decrease) in cash and cash equivalents 2,485 (7,227)
Cash and cash equivalents at beginning of period 37,987 62,718
Cash and cash equivalents at end of period $ 40,472 $ 55,491